Principal broker Study guides, Class notes & Summaries
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Real Estate U Final Exam Questions And Answers 2024/2025
- Exam (elaborations) • 58 pages • 2023
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Real Estate U Final Exam Questions And Answers 2024/2025 
 
Article 12-A of the NYS Real Property Law Answer: The section of the New York Real Property Law pertaining to real estate salespersons and brokers. 
 
- Primary purpose is to "Protect the Public" 
- Requires a salesperson to be at least 18 years of age 
- Requires a broker to be at least 20 years of age 
 
Sponsor broker Answer: A licensed real estate broker that holds the license of a salesperson 
 
"Summary of Your Submission" Answer:...
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Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024
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Florida Real Estate Exam TEST 
Questions WITH 100% Correct 
Answers LATEST UPDATE 
2023/2024 
Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer 
Which of the following is true about leverage? - ANSWER Leverage is the use of 
borrowed funds to purchase assets. 
Which of the following liens would take priority? - ANSWER A property tax lien 
In which of the following theories of mortgage lending does the borrower not retain 
ownership of the property during the loan ...
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Texas Principles of Real Estate 1 Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update
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Texas Principles of Real Estate 1 Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update 
 
Q: An insurance policy protecting against a variety of hazards is referred to as a...? 
 
Homestead Policy 
Individual Policy 
Homeowners Policy 
Package Policy 
 
 
Answer: 
Homeowners Policy 
 
 
 
Q: Which of the following is an advantage to owning a home...? 
 
Tax benefits 
Pride of ownership 
Potential for asset appreciation 
All of the above 
 
 
Answer: 
All of the Above 
 
 
 
Q: ...
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NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 actual exam
- Exam (elaborations) • 45 pages • 2024
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NY Life, Accident, and Health Insurance 
Agent/Broker Exam Series 17-55 actual 
exam 
Process 2103 (d-i) - CORRECT ANSWER-1. The Superintendent may issue a license 
to any person, firm or corporation who has complied with the requirements of the 
Insurance Code, authorizing the licensee to act as agent of any authorized insurer. 
Every individual applicant for a license under this section and every proposed sublicensee must be 18 years of age or older at the time of issuance of such licens...
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Real Estate U Final Exam Questions And Answers 2022/2023
- Exam (elaborations) • 17 pages • 2022
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Article 12-A of the NYS Real Property Law - Answer- - The section of the New York Real Property Law pertaining to real estate salespersons and brokers. 
- Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age 
- Requires a broker to be at least 20 years of age 
 
Sponsor - Answer- - A licensed real estate broker that holds the license of a salesperson. 
 
"Summary of Your Submission" - Answer- - Obtained after you register for the New York State...
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NJ real estate exam questions and answers 100% pass
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NJ real estate exam questions and answers 100% pass 
Which of the following is a permitted free offering? o- 
A. A complimentary home warranty with every listing 
B. A coupon for a discounted commission on listing services 
C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings C. A Free dinner for attendees at a homebuyers' evening seminar 
Depreciation usually applies to . 
A. the building only. 
B. the land only. 
C. both the land ...
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RECA Fundamentals Exam Questions and Answers Already Passed
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Provincial Legislature 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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Gold Coast FINAL EXAM STUDY SET (Questions and Answers, 100% Verified)
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Gold Coast FINAL EXAM STUDY SET for 4/11 
Gold Coast FINAL EXAM STUDY SET (Questions and Answers, 100% Verified) 
what are the the areas a realtor should be an expert in? 
Marketing 
Valuation & Market Conditions 
Property Transfer 
"MVP" 
Does one need to be a resident of the state or a citizen of the U.S. to get a FL real 
estate license? 
to get a FL real estate license, you don't need to be a citizen 
What must an applicant for a real estate license do if he has been convicted of a 
cri...
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NY REAL ESTATE EXAM -REVIEW QUESTIONS
- Exam (elaborations) • 20 pages • 2023
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1-A broker legitimately may pay all or part of Real estate commission to a 
a. seller 
b. salesperson 
c. buyer 
d. friend who provides a listing lead - Answer- -B: Salesperson can accept compensation only from their sponsoring broker. 
 
2-The minimum age for a New York real estate broker's license is 
a. 19. 
b. 18. 
c. 20. 
d. 21. - Answer- C. As of July 1,2008 to become a broker you must be 20 years old. 
 
3-Which of the following acts would require a real estate license in New York 
a. Sa...
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Oregon Real Estate Exam (PSI) Questions with Verified Answers | Latest 2023/2024
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Oregon Real Estate Exam (PSI) Questions with Verified Answers | Latest 2023/2024 
How many consecutive years of non-use of water does one lose their water rights in 
Oregon? ️ 5 consecutive years, the right is considered forfeited 
Who must register the business name? ️ Principal Broker, must register the 
business name with REA-(Real Estate Agency) under their name. 
How long must real estate documents be kept? ️ 6 years, from the date the 
transaction was accepted, rejected, or withdrawn...